Hubi@feddit.de to Reddit@lemmy.worldEnglish · 8 months agoReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.comexternal-linkmessage-square166fedilinkarrow-up1861arrow-down115cross-posted to: reddit@lemmy.mlanticorporate@lemmy.giftedmc.combecomeme@sh.itjust.works
arrow-up1846arrow-down1external-linkReddit shares plunge almost 25% in two days, finish the week below first day closewww.cnbc.comHubi@feddit.de to Reddit@lemmy.worldEnglish · 8 months agomessage-square166fedilinkcross-posted to: reddit@lemmy.mlanticorporate@lemmy.giftedmc.combecomeme@sh.itjust.works
minus-squareBeardedGingerWonderlinkfedilinkEnglisharrow-up3arrow-down1·8 months agoIn what way do you think they’ve siphoned $16mm out of Reddit?
minus-squareGuntrigger@feddit.chlinkfedilinkarrow-up1·8 months agoAwarded themselves shitloads of stock, then sold a quarter of their shares each as soon as humanly possible. That money is not being invested in the company, it’s going straight in these individual’s pockets.
In what way do you think they’ve siphoned $16mm out of Reddit?
Awarded themselves shitloads of stock, then sold a quarter of their shares each as soon as humanly possible. That money is not being invested in the company, it’s going straight in these individual’s pockets.